Grant of Options

RNS Number : 8069Q

Mobile Tornado Group PLC

23 June 2020

 

Mobile Tornado Group plc

("Mobile Tornado", the "Company" or the "Group")

Grant of Options

Mobile Tornado (AIM: MBT), the leading provider of instant communication mobile applications to the enterprise market, announces that it has, on 22 June 2020, granted options over 2,000,000 ordinary shares of 2 pence each in the Company ("Ordinary Shares") to Abraham ('Avi') Tooba, CEO, pursuant to the Group's Israeli share option plan (the "Options").

The Options have been granted at an exercise price of 6 pence per Ordinary Share and may be exercised from three years up until ten years from the date of grant (save as may be provided under the rules of the share option plan).

Following this award, Avi Tooba holds 4,000,000 Ordinary Shares, representing 1.05% of the issued ordinary share capital, and 10,000,000 options. 

In total, following this award, the Company has options in issue over a total of 30,000,000 Ordinary Shares, representing 7.90% of the Company's issued ordinary share capital.

Further detail is set out in the PDMR disclosure table below.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Abraham Tooba, Chief Executive
2	Reason for the notification
a)	Position/status	See 1 a) above
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Mobile Tornado Group plc
b)	LEI	213800N3WLD78UBKC521
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Options over ordinary shares of 2p each in Mobile Tornado Group plc Identification code (ISIN) for Mobile Tornado Group plc ordinary shares: GB00B01RQV23
b)	Nature of the transaction	Grant of options over new ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 6p exercise price 2,000,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	22 June 2020
f)	Place of the transaction	Outside of a trading venue - grant of options

For further details please contact: 

Enquiries:

Mobile Tornado Group plc	www.mobiletornado.com
Jeremy Fenn, Chairman	[phone]
Allenby Capital Limited  (Nominated Adviser & Broker)
James Reeve / Nicholas Chambers	[phone]
Walbrook PR Ltd	[e-mail]
Nick Rome	[phone]

 

END

 

 

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